A monopolist can charge whatever price it wants and can therefore reap phenomenal profits

Monetarists tend to think that the aggregate demand curve is

A) stable. B) vertical. C) horizontal. D) sensitive to changes in investment spending.

In general, activists are ________ about the ability of fiscal and monetary policies to stabilize AD and non-activists are ________

A) pessimistic; optimistic B) optimistic; optimistic C) pessimistic; pessimistic D) optimistic; pessimistic